NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS.
All funds in a "noninterest-bearing transaction
account" are insured in full by the Federal Deposit
Insurance Corporation from December 31, 2010, through
December 31, 2012. This temporary unlimited coverage is in
addition to, and separate from, the coverage of at least
$250,000 available to depositors under the FDIC's general
deposit insurance rules.
The term "noninterest-bearing transaction account"
includes a
traditional checking account or demand deposit account on
which the insured depository institution pays no interest.
It also includes Interest on Lawyers Trust Accounts (IOLTA). It does not include other accounts, such as
traditional checking or demand deposit accounts that may
earn interest, NOW accounts, and money-market deposit
accounts.
For more information about temporary FDIC
insurance coverage of transaction accounts, visit
www.fdic.gov |